Pi Network’s recent listing on BTCC Exchange has sparked renewed optimism among crypto investors, with many speculating whether this could be the catalyst needed to drive Pi Coin’s price toward the $1 milestone. Amid turbulent market conditions, analysts weigh in on the potential for an April recovery.
BTCC Listing Fuels Pi Network’s Growth Prospects
BTCC Exchange recently announced the listing of Pi Network Coin for spot trading, a move often viewed as bullish due to increased liquidity and investor access. Following the news, Pi Coin saw a modest 1% rise, trading at $0.7184, with a 24-hour range of $0.6806–$0.7535.
Despite this uptick, Pi crypto has faced significant challenges:
- 22% weekly decline
- 60% monthly drop
- High token unlocks in March
- Limited updates from the Pi Core Team
Technical indicators suggest potential stabilization, with Pi Coin finding support at $0.71 and the RSI entering oversold territory.
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Key Factors Supporting a Pi Coin Rebound
1. Reduced Token Unlocks in April
April’s token unlock volume drops to 124.32 million PI, the lowest in months, easing sell pressure. Daily unlocks will briefly fall to 1.5 million tokens (April 7–11).
2. Bullish Technical Signals
- Double-bottom pattern near $0.7663
- Support at the 78.60% Fibonacci level
- Bullish divergence in RSI/MACD
A breakout could trigger a 135% surge, potentially pushing Pi Coin above $1.
3. Community Demand for Major Listings
While BTCC’s listing is a positive step, the community anticipates a Binance listing, which could mirror Orca’s 200% post-Upbit surge.
4. Speculative Token Burn
Unconfirmed rumors of a Pi token burn could reduce supply, enhancing scarcity and long-term value.
Pi Network Price Forecast: $1 Within Reach?
Analysts remain divided:
- Bearish view: Potential drop to $0.64 before recovery
- Bullish case: April’s favorable conditions may fuel a rally to $1+
Crypto Jex highlights an ABC recovery pattern, targeting $0.95–$1.00, while Coincodex projects $2.73 by late April.
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FAQ
Q: What’s driving Pi Coin’s recent price decline?
A: High token unlocks and lack of major announcements have pressured prices.
Q: How does the BTCC listing help Pi Network?
A: It improves liquidity and accessibility, attracting new investors.
Q: Can Pi Coin reach $1 in April?
A: Possible if reduced unlocks and technical patterns align with bullish momentum.
Q: Is a Binance listing likely?
A: Community demand is high, but no official confirmation exists.
Final Thoughts
Pi Network’s BTCC listing offers hope, but sustained growth depends on:
- Fewer token unlocks
- Technical reversals
- Exchange support
Investors should monitor developments closely before making significant moves.
Market volatility persists—always conduct independent research.
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